In February, Long Lake Nursery ordered lawn fertilizer at $18.60 less 33 ½%, 12 ½%, and 5% per 20-kg bag. The fertilizer is normally priced to provide a 55% rate of mark-up on selling price. Operating (overhead) expenses are 30% of cost. To clear out the remaining bags of fertilizer in July, they were marked down by 45%. Calculate:
a) The net cost per bag.
b) The operating expenses per bag.
c) The regular selling price.
d) The sale price (reduced selling price).
e) The reduced mark-up at the sale price.
f) The operating profit or loss at the sale price.
g) The rate of mark-up on the sale price.

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The Answer of In February, Long Lake Nursery ordered lawn fertilizer at $18.60 less 33 ½%, 12 ½%, and 5% per 20-kg bag. The fertilizer is normally priced to provide a 55% rate of mark-up on selling price. Operating (overhead) expenses are 30% of cost. To clear out the remaining bags of fertilizer in July, they were marked down by 45%. Calculate:
a) The net cost per bag.
b) The operating expenses per bag.
c) The regular selling price.
d) The sale price (reduced selling price).
e) The reduced mark-up at the sale price.
f) The operating profit or loss at the sale price.
g) The rate of mark-up on the sale price.

In February, Long Lake Nursery Ordered Lawn Fertilizer at $18